Choosing the right individual health insurance policy can be tricky at times. You may find some good medical benefits through your employer. Alternatively, you may search for an individual health care policy that suits your budget. Once you’d follow a few simple steps, it will help to narrow down your options.

Individual needs: Assess your health budget on the basis of your current health conditions. Do you really need to go to your doctor too often? Do you maintain a good health consistently? Do you primarily depend on prescription drugs? These are some of the important things that you need to consider before you go out for shopping.

Higher deductible: If your health conditions are gradually improving then you may choose a high deductible policy. Deductible is an amount that you’re supposed to meet out-of-pocket while filing a claim. Once you pay the deductible, only then your carrier will compensate for the rest of your losses. Remember, that a high deductible worth $2000 may also seem small at times, especially when you’d need to file bigger claims.

Lower deductible: Under circumstances that you’d need to pay frequent visits to your doctor, you may consider opting for a lower deductible. This might also work if you’re relying too much on prescription drugs. By choosing a lower deductible you will save an amount that will offset your high premium cost every month.

PPO vs. HMO: Once you’ve chosen your preferred level of deductible, you may also check if you have any preferred network of doctors and hospitals to choose from. HMOs will charge a cheaper price, but you can’t go for doctors who don’t fall within their network. PPOs on the other hand will charge more each month, but you may choose out of your own preferred list.

You will need to shop a while in order to find a good individual health insurance plan within your budget. You will come across carriers who’re providing good services for years. There are many service providers in the U.S. who’re under the Blue Cross Blue Shield umbrella. However, it’s suggested that you go through a couple of offers and pick up the best one for yourself.

Sorry, no comments yet.

Write Your Comment

Comment Guidelines: Basic XHTML is allowed (a href, strong, em, code). All line breaks and paragraphs will be generated automatically.

You should have a name, right? 
Your email address, I promised I won't tell it to anyone. 
If you have a web site or blog, you can type the URL right here. 
This is where you type your comments. 
Remember my information for the next time I visit.